French court cuts antitrust fine against Apple from 1.1 billion to 372 million euros

A French court on Thursday substantially lowered a fine against Apple for alleged anti-competitive behavior to 372 million euros ($366.31 million) from 1.1 billion euros, Reuters reports citing “a source with knowledge of the matter.”

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Mathieu Rosemain for Reuters:

The original fine had been imposed by France’s antitrust watchdog in 2020 for what it described as Apple’s anti-competitive behaviour towards its distribution and retail network.

At the time, it was the biggest fine levied by the antitrust regulator, which said Apple imposed prices on retail premium resellers so that the prices were aligned with those charged by the California firm in its own shops, or on the Internet.

The Paris appeals court lowered the fine because it decided to drop one of the three main charges, related to allegations of price-fixing, the source said. The court also decided to significantly lower the rate applied to calculate the overall fine, the source added.

MacDailyNews Take: Apple’s appeal of the original fine worked out very nicely.

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